A Crypto Analyst Predicts Bitcoin Will Hit New All-Time High if Key Resistance Level is Broken
A popular crypto analyst has shared insights on the potential future of Bitcoin, suggesting that the leading cryptocurrency could reach a new all-time high if it manages to break through a crucial resistance level.
Bitcoin’s Path to a New ATH
In a recent social media post on X, crypto trader Michaël van de Poppe informed his large following that Bitcoin is likely to experience some sideways movement before securing $108,500 as a support level. He believes that once this milestone is achieved, Bitcoin will see a significant breakout towards a new all-time high.
At the time of writing, Bitcoin is trading at $106,706 with a neutral performance for the day.
Ethereum’s Potential Upside
Van de Poppe also shared his insights on Ethereum (ETH), suggesting that the second-largest cryptocurrency by market cap is on the brink of a significant upward move. He pointed out that Ethereum has been holding strong around the $2,400 level, indicating a potential breakout to the upside.
According to his analysis, Ethereum could retest the $2,800 level in early July, presenting a bullish outlook for the cryptocurrency. Ethereum is currently trading at $2,430 with a stable performance on the day.
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